SBA 7(a) Guaranteed Loans
Small Business Administration
Applications accepted on an ongoing basis
Contact local lenders to inquire about their
participation in the SBA 7(a) program.
SBA Answer Desk
The SBA 7(a) program provides loan guarantees for financial
institutions that loan funds to small businesses. The
loans are a potential option for small healthcare
practitioners. Funds may be used to:
- Purchase land
- Cover construction costs
- Repair existing capital
- Purchase or expand an existing business
- Refinance existing debt
- Purchase machinery, furniture, fixtures, supplies, or
The 7(a) program offers flexibility, longer terms, and
potentially lower down payments compared to other
To be eligible, the business must be operated for profit
and fall within the size standards set by the SBA.
Privately owned medical facilities including hospitals,
clinics, emergency outpatient facilities, and medical and
dental laboratories are eligible; recovery and nursing
homes are also eligible, provided they are licensed by
the appropriate government agency and they provide more
than room and board.
Detailed guidance is available on the program
Begin the process by contacting local lenders to inquire
about their participation in the SBA 7(a) program.
Contact the SBA
Answer Desk with specific questions about eligibility
and the application process.
Capital funding · Clinics · Critical Access Hospitals · Federally Qualified Health Centers · Healthcare facilities · Hospitals · Rural Health Clinics · Sole Community Hospitals
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.